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We will acquire power assets worth $3.5 billion: Prashant Purker

Interview with MD & CEO, ICICI Venture Funds

Abhineet Kumar  |  Mumbai 

This month, ICICI Venture Funds came up with a new investment platform to acquire conventional power assets. The fund comes at a time when capital goods maker Bharat Heavy Electricals (BHEL) is seeing 45 per cent of its Rs 1.1-lakh core order book face the challenge of stalled or slow moving projects. A large number of this are stuck due to financial constraints that ICICI Venture’s power platform plans to benefit from. Prashant Purker, managing director and CEO of ICICI Venture Funds, spoke to Abhineet Kumar on his plans for that. Edited excerpts: What is the worth of assets you ...

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First Published: Fri, September 23 2016. 00:35 IST
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